Schrödinger, Inc. (NASDAQ:SDGR – Get Free Report) has received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.78.
Several analysts recently weighed in on SDGR shares. Leerink Partnrs upgraded Schrödinger to a “strong-buy” rating in a report on Tuesday, July 2nd. SVB Leerink started coverage on Schrödinger in a report on Tuesday, July 2nd. They set an “outperform” rating and a $29.00 price target on the stock. Citigroup decreased their price target on Schrödinger from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. KeyCorp decreased their price target on Schrödinger from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Thursday, July 11th. Finally, Craig Hallum reduced their target price on Schrödinger from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd.
Check Out Our Latest Research Report on SDGR
Hedge Funds Weigh In On Schrödinger
Schrödinger Stock Performance
NASDAQ:SDGR opened at $20.48 on Wednesday. The stock’s fifty day moving average is $20.60 and its 200 day moving average is $23.76. Schrödinger has a fifty-two week low of $18.02 and a fifty-two week high of $39.12. The firm has a market capitalization of $1.49 billion, a PE ratio of -10.89 and a beta of 1.51.
About Schrödinger
Schrödinger, Inc, together with its subsidiaries, develops physics-based computational platform that enables discovery of novel molecules for drug development and materials applications. The company operates in two segments, Software and Drug Discovery. The Software segment is focused on licensing its software to transform molecular discovery for life sciences and materials science industries.
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